Integrity Alliance LLC. acquired a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,096 shares of the company’s stock, valued at approximately $564,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Victory Capital by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after buying an additional 221,471 shares during the last quarter. Granahan Investment Management LLC lifted its stake in shares of Victory Capital by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock worth $71,197,000 after buying an additional 12,113 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Victory Capital by 12.4% during the first quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock valued at $65,965,000 after buying an additional 111,063 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Victory Capital during the second quarter valued at approximately $42,035,000. Finally, Royal Bank of Canada increased its position in shares of Victory Capital by 26.8% during the first quarter. Royal Bank of Canada now owns 182,050 shares of the company’s stock valued at $11,920,000 after acquiring an additional 38,511 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.
Victory Capital Price Performance
Shares of NASDAQ:VCTR opened at $119.24 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.56. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.12. The business has a 50-day simple moving average of $110.79 and a two-hundred day simple moving average of $90.33. Victory Capital Holdings, Inc. has a fifty-two week low of $57.03 and a fifty-two week high of $123.55.
Victory Capital (NASDAQ:VCTR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. The company had revenue of $396.57 million for the quarter, compared to analysts’ expectations of $411.23 million. On average, analysts expect that Victory Capital Holdings, Inc. will post 7.78 earnings per share for the current year.
Victory Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Victory Capital’s dividend payout ratio is 36.76%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VCTR. Wall Street Zen lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. The Goldman Sachs Group increased their target price on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Weiss Ratings raised Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley boosted their price target on Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $119.50.
Check Out Our Latest Stock Analysis on Victory Capital
Victory Capital Company Profile
Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.
Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.
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